Poor Chinese data weighs on emerging-market currencies
New Covid-19 outbreaks across China in July weighed on consumer and business spending
15 August 2022 - 11:20
The rand was mixed on Monday morning, while the JSE was slightly firmer amid mixed global peers, as investors assessed weak China data and a surprise interest-rate cut from its central bank.
China’s economic recovery unexpectedly weakened in July as new Covid-19 outbreaks across the country weighed on consumer and business spending, clouding the growth outlook further. ..
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